Percorso:ANSA > Nuova Europa > Politics > Hungary: EU backs 260 million euros for SMEs investments
Hungary: EU backs 260 million euros for SMEs investments
3,500 businesses will get easier access to a loan
07 October, 11:13
(ANSA) - BRUXELLES - The European Commission has back an
agreement with the Hungarian guarantee institution Garantiqa to
provide 260 million euros to some 3,500 small and medium-sized
businesses in Hungary. The agreement is covered by the guarantee
of the European Fund for Strategic Investments (EFSI) and aims
to help reduce the administrative burden involved in getting a
loan.
"The agreement signed today by the European Investment Fund and
Garantiqa is very good news for small Hungarian businesses",
Tibor Navracsics, Commissioner for Education, said. (ANSA).
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